Page 23 - Indian Companies
Majority of top-100 firms making disclosures about carbon emissions: PwC
Supplementing the efforts of the Indian government to achieve a net-zero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey. The survey further said that about 31 per cent of the respondent companies have disclosed their net-zero targets. The government and the regulators have introduced new regulations pertaining to ESG (environmental, social and governance) for businesses. India's transition to BRSR Core positions the nation as a frontrunner in the global transition towards a more credible and transparent sustainability reporting landscape. "51 per cent of India's top 100 listed companies by market capitalisation disclosed their Scope 3 data for FY23 despite it being a voluntary disclosure in Business Responsibility and Sustainability Reporting (BRSR)," said the report, 'Navigating India's Transition to Sustainability'. This, it added, "sheds light on how Ind
 "Majority of top-100 firms making disclosures about carbon emissions: PwC")
HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation
The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO
 "HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation")
Hindustan Zinc Q4FY24 results: Net profit dips 21% to Rs 2,038 crore
On HZL's earlier proposed move to demerge its businesses into separate entities, the company's management said hinges on the government deciding to go ahead with its offer for sale
 "Hindustan Zinc Q4FY24 results: Net profit dips 21% to Rs 2,038 crore")
Tata Communications: Q4 disappoints, but scope for signals to improve
The acquired businesses' revenue grew 4 per cent QoQ to Rs 950 crore
 "Tata Communications: Q4 disappoints, but scope for signals to improve")
HDFC Bank stock gains more than 2.5% ahead of March quarter results
Increase in FPI legroom seen as key trigger
 "HDFC Bank stock gains more than 2.5% ahead of March quarter results")
Jio Financial Services Q4 results: Net profit jumps 6% to Rs 311 crore
Jio Financial Services shares on Friday ended 2.17% lower at Rs 370 on BSE
 "Jio Financial Services Q4 results: Net profit jumps 6% to Rs 311 crore")
Motilal Oswal Financial Services shares gain over 7% on bonus proposal
The company's shares ended at Rs 2,236, up 7.4 per cent over the previous close, valuing the company at Rs 33,315 crore
 "Motilal Oswal Financial Services shares gain over 7% on bonus proposal")
Infosys Q4 results: Net profit jumps 30% to Rs 7,969 cr, revenue up 1.3%
Firm expects revenue growth of 1-3% in FY25
 "Infosys Q4 results: Net profit jumps 30% to Rs 7,969 cr, revenue up 1.3%")
Avaada Energy secures Rs 4,471 crore refinancing from lender Nabfid
The structure has been rated as 'AA (Stable)' by CareEdge Ratings, it said
 "Avaada Energy secures Rs 4,471 crore refinancing from lender Nabfid")
VerSe Innovation acquires Magzter for a foray into super premium content
Launched as Dailyhunt Premium, this subscription-based offering will provide users access to premium content from international publishers in over 60 languages
 "VerSe Innovation acquires Magzter for a foray into super premium content")
Smartphone makers pin hopes on new launches after tepid March quarter
Slowdown in the decline of 2G subscribers hurting smart phone sales
 "Smartphone makers pin hopes on new launches after tepid March quarter")
Ambuja Cements to buy grinding unit in TN at a total value of Rs 413.75 cr
The acquisition will aid in enhancing the company's coastal footprint across southern markets of Tamil Nadu and Kerala
 "Ambuja Cements to buy grinding unit in TN at a total value of Rs 413.75 cr")
Healthcare solution provider Enhanced Innovations launches 'Phloton'
A portable cold chain solution for last-mile vaccine delivery
 "Healthcare solution provider Enhanced Innovations launches 'Phloton'")
Vodafone Idea looks to raise Rs 18,000 crore via India's biggest FPO
Priced at Rs 10-11 a share, offer opens on Thursday
 "Vodafone Idea looks to raise Rs 18,000 crore via India's biggest FPO")
Five per cent someone: What kind of ride is Tesla likely to have in India
Initially, Elon Musk's Tesla will address only 5-6% of India's light vehicles market. What kind of ride is it likely to have?
 "Five per cent someone: What kind of ride is Tesla likely to have in India")
TCS headcount declines for first time in 19 years; hits campus route
Total employee base now remains at 601,546
 "TCS headcount declines for first time in 19 years; hits campus route")
90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report
Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services
 "90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report")
India Inc capital expenditure story gets cement to semiconductor push
The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others
 "India Inc capital expenditure story gets cement to semiconductor push")
TVS SCS announces supplying 500,000 two-wheeler CKD kits to TVS Motor
Work completed in modern warehouse in Hosur to ensure defect-free dispatches, says supply chain company
 "TVS SCS announces supplying 500,000 two-wheeler CKD kits to TVS Motor")
Private equity firm Bain Capital to sell remaining Axis Bank holding
The price range for the share sale has been set at Rs 1,071 - Rs 1,076 per share, a discount of up to 0.47 per cent to Axis Bank's last close of Rs 1,076 per share
 "Private equity firm Bain Capital to sell remaining Axis Bank holding")